Prime, sub-prime totally sub-optimal cost of funds margin.
March 27, 2009
HDFC cuts retail prime lending rate | economictimes.indiatimes.com
HDFC (India's largest housing finance company) has attributed the cut in its retail prime lending rate (RPLR) to a reduction in its cost of funds.
The risk of heavy outflows versus reality of transparancy
March 19, 2009
Swiss warn lifting secrecy ‘will take time’ | www.ft.com
Most of the financial community has demanded transparency within publicly traded corporate organizations - which seems appropriate if the public is to risk capital and buy stock of these equities. Now it seems the next directive is following the actual capital and making the global banking repositories provide transparency as well. Switzerland had succumbed to pressure on easing bank secrecy, but the full automatic exchange of tax information, as demanded by countries such as Germany, remained out of the question for Switzerland.
March 9, 2009
HBOS, RBS U.K. Deposits Fell; Government Banks Gained | www.bloomberg.com
The US Senator Dodd has suggested a $500 Billion line of credit for the FDIC. FDIC chair Shelia Bair has acknowledged a good idea for US depositors would be to continue the higher ($250k) FDIC Insurance limits on depositors bank deposit principal.
Business Risk Management First - Before Quant or Qual
March 9, 2009
Deutsche Bank’s Quantitative Team to Leave, Start Hedge Fund | www.bloomberg.com
Some of the The Frankfurt- based bank's DWS funds have recently suspended dividends due to previously exposed risk and current market conditions (1). Further, the Frankfurt- based bank, will cut risk by shifting resources from areas such as proprietary trading after “unprecedented market conditions revealed some weaknesses” in trading operations. (1) DWS RREEF Real Estate Fund, Inc. (AMEX:SRQ - News) and DWS RREEF Real Estate Fund II, Inc. (AMEX:SRO - News) (the “Funds”) announced today that they will not declare any distributions to common shareholders in March 2009 because market conditions have resulted in a decline in portfolio values causing the Funds to currently not meet the preferred share asset coverage ratio that is a precondition to the declaration of common share distributions under the Investment Company Act of 1940.
I did not have nationalization relations with that bank!
February 25, 2009
RBS May Not Avoid Full Nationalization With Insurance | www.bloomberg.com
Well, did you or didn't you? Guess we are not sure any longer since we have various definitions floating around. Both the UK & US have essentially shored up the depositors principal, and stripped the investors equity.
February 17, 2009
Axa Asia Posts A$372.9 Million Loss on Investments | www.bloomberg.com
In Southern California I watch Axa commercials on CNBC stating I can receive guaranteed payments for life.
Will only owrk if they do something with the mortgages!
December 12, 2008
RBS Promises Borrowers Six-Month Respite Before Foreclosing on Mortgages | www.bloomberg.com
1. Only works if the loans are re-performed. 2. Can be a rat in the snake waiting to pass. 3. Can make the situation worse with failure to reperform 4. There are good and bad modifications
Something is better than nothing
December 8, 2008
RBS Promises Borrowers Six-Month Respite Before Foreclosing on Mortgages | www.bloomberg.com
The last six months of this frm's operation has seen its share of challenges. Executives and equity holders have experienced severe penaltys for the onging global financial and real estate meltdown. If the equity holders can have something of a planned ROI, it is better than nothing. Sad that we are at this point, but unfortunately we are.
November 10, 2008
Banks to defy Government and raise mortgages rates | www.timesonline.co.uk
Peter Mandelson, the UK Business Secretary, added to the pressure on lenders to pass on the Bank of England's expected base rate cut to homeowners, saying that that banks who did not would face a customer backlash. Henry M. Paulson Jr., the US Treasury Secretary plans to call for the Federal Reserve to be given new, explicit powers to intervene in the workings of Wall Street firms to protect the financial system, adapting his vision of how the financial world should be regulated to reflect the lessons of the collapse of Bear Stearns.
November 10, 2008
Hey, Barack: Hire Me! A four-day plan to restore the U.S. economy By James Cramer | www.thebigmoney.com
This is NOT Jim Cramer bashing! However, let's look at the man's and his employers disclosure! Personally I do enjoy the CNBC educators/entertainers/reporters especially those that have some action in the game, and I firmly believe if the viewer is tempered correctly, and takes this information with its proper disclosures... the information does no harm. And yes, perhaps even does some good!
E-Insurance: When will the insurance industry adopt modern communication tools?
February 14, 2012
ATMs could distribute prepaid Visa cards
January 23, 2012
PayPal can thrive as a standalone company
January 9, 2012
Europe's CO2 Emissions Trading System works, but it can be improved
December 16, 2011
European women wonder why their insurance premiums will increase
December 15, 2011